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by Jace Stolfo
on Tuesday, May 25th, 2010 at 3:18pm.
The Meridian ID real estate market had 163 single family home sales in April. This is up about 25% over last year. As you can see in the graph below, 2010 real estate sales have been substantially stronger than 2009 (largely spurred by tax credit).
Of the 163 Meridian ID real estate sales, 35 were new construction and 128 existing homes sales. The new home sales are level with April last year while existing home sales were up 31%. The majority of new home sales were in CBH neighborhoods like Ventana and Silverleaf while other builders had success in Paramount & Tuscany Messina Meadows.
Meridian short sales & Meridian bank-owned properties accounted for fewer overall sales in April while non-foreclosure market share grew. As you can see below, Meridian ID real estate foreclosures accounted for 46% of the market share compared to 54% last month.